03.14.2017

The Russian Carbon Fund and Aera Group (France) pioneer the first worldwide carbon credit transaction using blockchain technology in DAO IPCI.

Anton Galenovich, Chairman of the Council of the Russian Carbon Fund:

The platform developers’ idea is to provide common space for fair competition, provide early crediting, offsetting carbon footprint opportunities for the companies, and break the barriers dividing locations and types of high quality mitigation outcomes. Russian market mech- anisms are in the trial pilot phase and may have significant offsetting capacity on the supply and the demand side in near future. Russian carbon credits developed and assured under strict requirements of the Integrated Program for Climate Initiatives are still under verification process to be issued in DAO IPCI ecosystem.

Alexey Shadrin, CEO and Founder of the Russian Carbon Fund:

We have just witnessed a truly historical moment for the global low carbon economy - the first ever blockchain based climate deal. I am sure that our successful joint effort will mark the beginning of a new era of climate cooperation between nations and help the world reach sustainable development goals.

Fabrice Le Saché, Aera Group Executive Chairman:

We strongly believe that Russia will become a key player of the inter- national climate transition in the years to come. Beyond environment, this is a matter of economic competition and performance as it drives innovation. We are pleased to pioneer a market and a technology at same time. We expect to connect Russian corporates with charismatic African CO2 offset projects yielding mitigation and adaptation benefits.

Max Gutbrod, Partner at Baker McKenzie:

Blockchain technology is ideal to increase transparency in carbon markets; we are therefore pleased and honored to be acquainted with Blockchain Ecosystem and looking forward to further contribute it to reach its global potential.

Ivan Panov, Partner at Causa Privata Law Firm:

Our lawyers have participated in a huge number of transactions and projects involving carbon markets and carbon credits. But this particular project is literally a pioneer, for it is based on the technology and approaches which have been never used before. This may become a real breakthrough solution for the implementation of climate projects and their financing.

Sergey Lonshakov, Leader of Airalab:

DAO IPCI is an example of the correct and logical use of the blockchain technology. Global scale project cannot have centralized hierarchy, which is why here the decentralization technology is ideally applicable.

About the decentralized autonomous organization Integrated Platform for Climate Initiatives (DAO IPCI)

DAO IPCI is a Decentralized Autonomous Organization operating, sustaining and developing the Integral Platform for Climate Initiatives, smart contracts and blockchain technology-based independent ecosystem designed for carbon market instruments, including carbon compliance units’, carbon-offset credits, other environmental mitigations credits, environmental assets, rights and liabilities registration, accounting and transaction data. The DAO IPCI project is implemented with the technological support of Microsoft Russia, on Azure Blockchain as a Service cloud platform.

DAO IPCI is authentically private nonprofit project independent of government, corporate, business or green NGO particular interests.

On May 24, 2016, the Russian Carbon Fund has officially unveiled the Integrated Program for Climate Initiatives (IPCI) and IPCI-based Carbon Registry.

"The Integrated Program for Climate Initiatives is designed to develop a distributed network of mitigation contributors based on common principles, rules and criteria, as well as provide an accounting platform which can achieve absolute emission reduction targets in compliance with quantitative emission limitation commitments. The goal of the Integrated Program for Climate Initiatives is to integrate corporate and regional mitigation initiatives",wrote Sustain Europe.

The IPCI derives from ongoing subnational and corporate climate initiatives and aims at providing for common investment instruments, which are based on climate change mitigation outcomes including high quality carbon offset credits. The IPCI has served as the initial climate program for genesis of DAO IPCI blockchain.

In view of isolation of carbon markets, software problems with traditional registries (see ex expert opinion on EU CO2 register issues), DAO IPCI may be a reasonable alternative to provide falsification-proof, low or close to zero transaction cost option.

Participants profiles

DAO IPCI

https://ipci.io

Decentralized Autonomous Organization operating, sustaining and developing the Integral Platform for Climate Initiatives, smart contracts and blockchain technology-based independent ecosystem designed for carbon market instruments, including carbon compliance units’, carbon-offset credits, other environmental mitigations credits, environmental assets, rights and liabilities registration, accounting and transaction data.

Contact: operator@ipci.io

Aera Group

www.aera-group.fr

Aera Group is the largest carbon credits originator and trader in Africa (+40 projects in 18 countries). The company acts as trader or broker, structures and executes spot and forward transactions on carbon trading platforms (ICE, EEX) and OTC markets. Aera Group deals directly with industries, banks, commodity traders, governments and international institutions to monetize carbon credits (30 M. tons executed to date).

Contact: a.lepage@aera-group.fr

Russian Carbon Fund

https://russiacarbon.org/

Russian Carbon Fund is the leading turnkey sustainability services and solutions provider in CIS region with broad network of expertise comprising Russian research centers, along with international scientists and developers. Since 2011, the Fund have helped major business and state actors successfully implement sustainability strategies related to risk assessment, transparency, public engagement, efficient resource management, clean tech and climate finance.

Contact: ashadrin@russiancarbon.org

Baker McKenzie

http://www.bakermckenzie.com/

Baker McKenzie is the one of the largest international law firms, founded in 1949, with 77 offices in 47 countries. Baker McKenzie CIS has been working in the emissions reductions market since 2005, has extensive experience advising settlement and trade systems and the application of the same to block chain.

Contact: Max.Gutbrod@bakermckenzie.com

Causa Privata

http://www.causaprivata.ru/

Law Firm is one of very few Russian law firms that provide international-standard legal services of the best quality and on transparent conditions. Lawyers of "Causa Privata” Law Firm have an extensive experience in advising on local and international projects, including numerous projects in the sphere of energy efficiency and climate change.

Contact: sitnikov@causaprivata.ru

Airalab

http://aira.life/

Developers and scientist research team who working on creating decentralized autonomous organizations since 2014. Tech stack: Ethereum/IPFS/Robot Operating System/Haskell/Web.

Contact: sergeylonshakov@gmail.com

Press release 14_03_2017